Bahrain

Cloud ERP for financial and professional services firms in Manama

Manama's advisory, fintech and professional firms keep books in dinars to three decimals, prepare a 10% VAT return for the NBR and pay SIO contributions. Aqid ERP keeps the ledger to the fil, prepares the return as a working paper and runs the payroll with SIO and leaving indemnity. Nothing is filed to the NBR for you.

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In short

Manama's advisory, fintech and professional firms keep books in dinars to three decimals, prepare a 10% VAT return for the NBR and pay SIO contributions. Aqid ERP keeps the ledger to the fil, prepares the return as a working paper and runs the payroll with SIO and leaving indemnity. Nothing is filed to the NBR for you. The Premium plan fits, at BHD 22 a month, with a 60-day free trial. Not built yet: Bahrain has no e-invoicing clearance, so there is nothing to clear: the return is prepared from the books and filed by you on the NBR portal.

At a glance

CityManama, Bahrain
E-invoicingNo e-invoicing mandate in Bahrain; VAT invoices go out as PDF with a QR code
VAT10% standard rate; the NBR return is prepared from the books, not yet checked against the NBR portal
PayrollSIO contributions, leaving indemnity under Article 116, payslips in Arabic and English; no Bahraini WPS file yet
CurrencyBHD, to 3 decimal places on every document and in the ledger
Recommended planScale, for a group: several companies under one login with consolidated statements, unlimited payroll and the API; Growth if the firm is one company.
PriceBHD 22 a month · 60-day free trial today, no card
Not built yetBahrain has no e-invoicing clearance, so there is nothing to clear: the return is prepared from the books and filed by you on the NBR portal.

Business in Manama, and the part Aqid ERP plays

Manama is the Gulf's oldest financial centre: the banks and insurers at the Bahrain Financial Harbour and Diplomatic Area, the fintechs licensed by the Central Bank, and the law, audit, consulting and training firms that serve them and the region.

Their books carry the dinar in three decimals, a 10% VAT return for the National Bureau for Revenue, SIO contributions for all staff and leaving indemnity under Article 116 for expatriates. Aqid ERP keeps those from one ledger and reads a group of companies together.

How a business in Manama runs on Aqid ERP

Dinars to the fil

Every amount is kept and rounded to three decimals, on the invoice, in the ledger and on the statements.

The 10% return from the books

Standard-rated, zero-rated and exempt supplies kept apart on each invoice, and the NBR return prepared from them with each box opening to its documents; filing is yours.

SIO and leaving indemnity

Monthly payroll with SIO contributions, leaving indemnity accrued under Article 116, leave, loans and bilingual payslips.

Several companies, one login

Each company with its own books and return, read together in consolidated statements with the intercompany balances shown.

A month at a consulting firm in Manama (example)

  1. Say a consulting firm in Manama invoices BHD 150,000.000 of advisory and training services in October, all at the standard rate. That is BHD 15,000.000 VAT, BHD 165,000.000 in total, on VAT invoices issued from Aqid ERP with your VAT account number.
  2. A supplier bills BHD 36,000.000 plus BHD 3,600.000 VAT for office rent and software, posted against a purchase order and tagged to the Bahrain office.
  3. Payroll for 22 staff runs with SIO contributions and leaving indemnity accrued under Article 116 of the Labour Law, and its cost is posted to the books from the same run.
  4. The VAT return shows BHD 15,000.000 output VAT and BHD 3,600.000 input VAT, so BHD 11,400.000 to pay before any other purchases. Each box opens to the invoices and bills behind it.
  5. These figures only show the arithmetic. How VAT applies to your supplies is for your tax adviser, set up before you start invoicing.

The parts you will use

Accounting and reports

A chart of accounts for Bahrain, bank accounts and reconciliation to the fils, fixed assets, and the IFRS for SMEs statements.

VAT return

The NBR's figures, filled from the ledger as you work, with every figure traceable and periods locked once filed.

Several companies

Each company's books kept apart under one login, with consolidated statements and an intercompany report on Growth and Premium.

Payroll

Monthly payroll in BHD, SIO contributions, leaving indemnity under Article 116 and bilingual payslips.

The rules in Bahrain, and what Aqid ERP does with them

VAT: the standard rate is 10%, with exports and some supplies zero-rated as the law allows. The NBR return is prepared from the books and every figure opens to the invoices and bills behind it; that layout has not yet been checked against the NBR portal, and filing stays with you or your adviser.

Money: the dinar is divided into 1,000 fils, and Aqid ERP keeps three decimals on every document, in every report and in the ledger.

E-invoicing: no mandate applies in Bahrain. VAT invoices and credit notes carry your VAT account number and go out as PDF with a QR code.

Payroll: SIO contributions, leaving indemnity accrued under Article 116 of the Labour Law, leave and claims, and payslips in Arabic and English. The LMRA's Wage Protection System salary file is not produced yet; the bank's template is filled from the pay run's figures.

Plans for a business in Manama

Starter

For small businesses that need compliant invoicing

7.9 د.ب / month

  • Compliant tax invoices
  • Customers & quotes
  • Payroll and WPS file for up to 5 employees
Start now for free

Growth

For teams that want the full books, not only invoices

11.1 د.ب / month

  • Everything in Starter
  • Full ledger & reports
  • Unlimited payroll, inventory and consolidation
Start now for free
Recommended

Premium

For companies with branches, devices and volume

22 د.ب / month

  • Everything in Growth
  • Branches & devices
  • Consolidation & API
Start now for free

Compare the plans in detail

Questions

Does Aqid ERP clear invoices with the NBR in Bahrain?

There is no clearance to do: Bahrain has no e-invoicing mandate yet. Aqid ERP issues the tax invoice with the fields the NBR requires and prepares the 10% return from the books; you file it on the NBR portal.

Does Aqid ERP prepare the NBR VAT return?

It prepares the return's figures from the books, each traceable to its invoices and bills, at the 10% standard rate with zero-rated and exempt supplies kept apart. Filing on the NBR portal stays with you or your adviser; the layout has not yet been checked against the portal.

Does it run Bahraini payroll?

Monthly payroll in BHD to three decimals with SIO contributions, leaving indemnity under Article 116, leave and claims, and bilingual payslips. The WPS salary file your bank asks for is not produced yet; the run gives you each employee's net pay and IBAN.

Industry pages for Manama

Professional servicesTrading & distributionAll industriesAccounting firms in Manama

Other cities in Bahrain

MuharraqAll cities in Bahrain

Aqid ERP in Bahrain

Set up for Bahrain's rules from the first day.

  • Plans from 7.9 د.ب a month
  • VAT 10 %
  • NBR return
  • SIO
Aqid ERP for BahrainPrices in BahrainOvertime pay in Bahrain: 25% by day, 50% at night, 150% on the rest dayVAT registration in Bahrain: the BHD 37,500 threshold, voluntary registration and non-residentsExcise tax in Bahrain: the goods, the rates, registration and the two-monthly return

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